Singapore
 

General Information

    Advantages:

  • reduced withholding tax on foreign-sourced income 

  • tax credit pooling 

  • the largest corporate banking center in Asia with over 160 banks 

  • dividends are not taxed 

  • Leading arbitration center 

    Disadvantages:

 

  • the directors bared liability 

  • no single shareholder has complete control over the company. 

  • expensive incorporation and liquidation costs 

  • high-risk risk business models are banned 

The Republic of Singapore is a sovereign island city-state in Southeast Asia.  

The city-state is classified as an Alpha+ global city, indicating its influence on the global economy. Singapore is the only country in Asia with an AAA sovereign rating from all major rating agencies, and one of 11 worldwide. Singapore is a highly developed country and is ranked 9th on the UN Human Development Index, the highest in Asia for a sovereign state, with the 7th highest GDP per capital in the world. 

The economy of Singapore is a highly developed free-market economy. Singapore's economy has been ranked as the most open in the world, 3rd least corrupt, most pro-business, with low tax rates (14.2% of Gross Domestic Product, GDP) and has the third highest per-capita GDP in the world in terms of Purchasing Power Parity (PPP). APEC is headquartered in Singapore. 

Legal Information

Tax Information

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